Laurus Labs Ltd Ratings Reaffirmed by CARE Ratings Following FY26 Performance Improvements
Laurus Labs Ltd has received reaffirmation of its credit ratings from CARE Ratings Ltd, reflecting sustained improvement in the company's performance during fiscal year 2026. The ratings cover various bank facilities and instruments provided to the company.The reaffirmed credit ratings assigned by CARE Ratings Ltd are detailed below:
| Facilities / Instruments | Rating | Rating Action |
|---|---|---|
| Long-term bank facilities | CARE AA; Stable | Reaffirmed |
| Long-term / Short-term bank facilities | CARE AA; Stable / CARE A1+ | Reaffirmed |
| Short-term bank facilities | CARE A1+ | Reaffirmed |
The reaffirmation of these ratings for the company's bank facilities is attributed to its strong performance in FY26. The improved indicators highlighted by the agency include growth in total operating income (TOI), an uptick in profitability margins, and strengthening of debt coverage indicators.
LAURUSLABS Stock Price Movement
Shares of Laurus Labs Limited gained 0.98% today, rallying to settle at ₹1543 as positive momentum carried them higher in post-market trading. The stock impressively closed near its day high and managed to touch a new annual peak, hitting an all-time high of ₹1555.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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